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KSB Advises CERCL Green Group on Sale of Green Gas International to Private Investors

KSB Advises CERCL Green Group on Sale of Green Gas International to Private Investors

Czech Republic
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KSB has provided legal services to the CERCL Green group in connection with the sale of Green Gas International by means of a management buy-in for an undisclosed consideration to ML Green Netherlands B.V., a special purpose management buy-in company jointly owned by private investors Laurent Barrieux and Martin Vojta.  

Green Gas International is a European operator of clean energy projects that focuses on converting harmful methane emissions produced during the extraction of mining and landfill gas to energy benefit. 

Commenting on the transaction in a joint statement, Laurent Barrieux and Martin Vojta said: "We are very happy and proud to bring to Green Gas our personal commitment, experience, and passion for energy and the environment. We trust that together with existing local management, we will write new pages in Green Gas’s history, reinforcing its current position and opening new areas for development.” 

Michiel Tijmensen, outgoing Chief Executive of Green Gas, commented:  “I am pleased to have been involved in the successful restructuring of Green Gas to focus on its core businesses in the Czech Republic, Germany, and Poland. This change of ownership is the next logical step, giving the new owners the opportunity to develop the business further from its European base with its strong operational capabilities.”

KSB's assistance encompassed conducting due diligence of the group concerned, the negotiation and preparation of contracts for the sale of shares and preparing other related documentation. The firm's team was led by Partner Christian Blatchford and include Partner Dagmar Dubecka, Associates Martin Kubík and Jaroslav Zahradnícek, and Junior Associate Jana Guricova.

Linklaters and Luther also advised CERCL Green group on the sale, while Rentsch Legal advised the buyers.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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